Vivendi Acquires the Bollore Group's Majority Stake in Havas
July 03 2017 - 2:57AM
Business Wire
Regulatory News:
Pursuant to the agreement executed on June 6, 2017, and
following the approval by the relevant competition authorities,
today Vivendi (Paris:VIV) acquired the 59.2% stake in Havas held by
the Bolloré Group, at a price of €9.25 per share.
In accordance with market regulations, Vivendi will launch a
simplified tender offer on the remaining Havas shares, which
offer is not aimed at a delisting of the Havas
shares.
About Vivendi
Vivendi is an integrated media and content group. The company
operates businesses throughout the media value chain, from talent
discovery to the creation, production and distribution of content.
Universal Music Group is engaged in recorded music, music
publishing and merchandising. It owns more than 50 labels covering
all genres. Canal+ Group is engaged in pay-TV in France, as well as
in Africa, Poland and Vietnam. Its subsidiary Studiocanal is a
leading European player in production, sales and distribution of
movies and TV series. Gameloft is a worldwide leader in mobile
games, with 2 million games downloaded per day.Vivendi Village,
groups together Vivendi Ticketing (in the United Kingdom, the
United States and France), MyBestPro (expert counseling), Watchever
(subscription streaming services), Radionomy (digital radio), the
venues L’Olympia and Theâtre de L‘Œuvre in Paris, and CanalOlympia
in Africa, as well as Olympia Production. With 3 billion
videos viewed each month, Dailymotion is one of the biggest video
content aggregation and distribution platforms in the world.
www.vivendi.com, www.cultureswithvivendi.com.
Important Disclaimers
This press release is for information purposes only and does not
constitute an offer and should not be construed as constituting any
form of solicitation for the purchase or sale of securities in any
jurisdiction, including in France.Vivendi does not intend to open
the public tender offer described above, directly or indirectly, in
the United States or to persons who are in the United States.
Accordingly, no copy of this press release or any other document
relating to the public tender offer may be published, distributed
or released directly or indirectly in the United States in any
manner whatsoever.The dissemination, publication or distribution of
this press release is prohibited in any country where such
dissemination, publication or distribution would constitute a
violation of applicable law or regulation or would subject Vivendi
to any legal requirements.
Cautionary Note Regarding Forward Looking Statements.
This press release contains forward-looking statements with
respect to the offers to purchase Havas shares by Vivendi as
described herein. Although Vivendi believes that such
forward-looking statements are based on reasonable assumptions,
such statements do not guarantee the completion of the offers to
purchase or the terms of such offers. Actual results may differ
materially from the forward-looking statements as a result of a
number of risks and uncertainties, many of which are outside our
control, including but not limited to the risks related to
antitrust and other regulatory approvals as well as any other
approvals which may be required in connection with certain
transactions and the risks described in the documents Vivendi files
with the Autorité des Marchés Financiers (French securities
regulator), which are also available in English on Vivendi’s
website (www.Vivendi.com). Investors and security holders may
obtain a free copy of documents filed by Vivendi with the Autorité
des Marchés Financiers at www.amf-france.org, or directly from
Vivendi. Accordingly, we caution you against relying on forward
looking statements. These forward-looking statements are made as of
the date of this press release and Vivendi disclaims any intention
or obligation to provide, update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Unsponsored ADRs. Vivendi does not sponsor an American
Depositary Receipt (ADR) facility in respect of its shares. Any ADR
facility currently in existence is “unsponsored” and has no ties
whatsoever to Vivendi. Vivendi disclaims any liability in respect
of any such facility.
NOT FOR PUBLICATION, DISSEMINATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES,
CANADA, AUSTRALIA, JAPAN, ITALY, OR ANY OTHER JURISDICTION IN
WHICH THE DISTRIBUTION OR DISSEMINATION OF SUCH A RELEASE IS
UNLAWFUL OR WOULD SUBJECT VIVENDI TO ANY LEGAL
OBLIGATIONS. YOU MAY NOT FORWARD OR OTHERWISE TRANSMIT
A COPY OF THIS PRESS RELEASE TO ANY OTHER PERSON.
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